CoinGlass reported more than $462 million in cryptocurrency derivatives liquidations over the past 24 hours following a market pullback that drove Bitcoin below $89,600. Long positions accounted for about $418 million, representing over 90% of total liquidations. Bitcoin led with $132 million liquidated, followed by Ethereum at $116 million, while Zcash recorded $24 million. The event occurred as futures open interest had recently been rebuilding, according to Glassnode.